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Winter Family Acquires Multifamily Property In Burbank For $1.475M

Property Image
SOLD
$1,475,000

California

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MultiFamily3,023 SF
Sold 10/26/2023
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Property Image
SOLD

Winter Family Acquires Multifamily Property In Burbank For $1.475M

2907 Riverside Drive

See Similar Deals
MultiFamily3,023 SF
Sold 10/26/2023
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$487
Total Square Footage:3,023 SF
Transaction Type:Sale

The multifamily property located at 2907 Riverside Drive in Burbank has been sold in a recent transaction. The property consists of 4 units with a total square footage of 3,023. The asking price for the property was $1,600,000, and it was ultimately sold for $1,475,000. The price per unit (PPU) for the property is $368,750, and the price per square foot (PPSF) is $488.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,475,000
  • Address: 2907 Riverside Drive, Burbank
  • Market: Burbank
  • Units: 4
  • Square Footage: 3,023
  • Asking Price: $1,600,000
  • Price Per Unit: $368,750
  • Price Per Square Foot: $488

The buyer of the property is the Winter Family, while the seller is the Grant Family. Justin Seigel from ADR Preferred Business Properties represented the buyer as the buyer's representative in the deal.

Players

Justin Seigel
ADR Preferred Business Properties
Justin Seigel
13 deals$29.5M volume(818) 715-0965
BROKER

Details

SOLD
IMAGE: Justin Seigel DATE: 10/26/2023 ADDRESS: 2907 Riverside Drive MARKET: Burbank ASSET TYPE: Multifamily BUYER: Winter Family SELLER: Grant Family BUYER'S REP: Justin Seigel (@Seigel5) - ADR Preferred Business Properties (@ADRPreferredBusinessProperties) ASKING PRICE: $1,600,000 SALE PRICE: $1,475,000 UNITS: 4 ~ PPU: $368,750 SF: 3,023 ~ PPSF: $488

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